Albiware Analysis: $3M Raised
What is Albiware?
Albi builds software for restoration companies that need to coordinate field work, office tasks, and customer documents in one system. The product family includes job management, CRM, analytics, mobile tools, payments, automations, and estimating features. The company launched in 2020, reached market with its first beta customers in October 2020, and closed a $2.8 million seed round in 2022.
Location
123 Main Street, Downers Grove, Illinois 60515, United States
Employees
51-200
Founded
2020
Revenue
$3M
Autonomy Level
Tool
Delivery Model
Software
Funding Status
Series B
Industry Focus
Software & Developer Tools
Job Impact
AE, Sales Ops, CRM Admin
Modality
Multi-channel
Sub-Category v3
Vertical GTM Tools
Vertical Focus
Restoration
YC Batch
S22
Product Features & Capabilities
- Restoration Job Management Software, Customer Management, Business Operations, Integrations, Photo Documentation, Mobile Scheduler, E-Signatures, Equipment Scanning, Timeclock, Moisture Mapping, Call Tracking & Recording, Albi Analytics, Access to Financials, In-person Onboarding Option, Dedicated Account Manager, Priority Support Team.
Pricing
- Base Plan:
- Photo Documentation
- Mobile Scheduler
- E-Signatures
- Equipment Scanning
- Timeclock
- Moisture Mapping
- Pro Plan (Popular):
- Includes everything in Base
- Call Tracking & Recording
- Albi Analytics
- Access to Financials
- Enterprise Plan:
- Includes everything in Pro
- In-person Onboarding Option
- Dedicated Account Manager
- Priority Support Team
How much Albiware raised
Seed - $2.5M
August 25, 2022Lead Investor: Led by Takeoff Capital
Who are the founders of Albiware
AD
Alex Duta
Founder
SS
Shamoil Soni
Founder
Competitors Overview
Albiware operates in the restoration management software market, facing competition from several notable companies:
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Dash Restoration Software by Next Gear: This software is an all-inclusive solution integrated within the insurance ecosystem, allowing seamless data flow between contractors and carriers. However, it is criticized for its outdated technology and user interface, making it less user-friendly. Pricing is higher, with onboarding costs of $2500 and monthly fees ranging from $750 to $1150.
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Xcelerate Restoration Software: Founded by a former restoration general manager, Xcelerate is recognized for its intuitive use and unique features like the "master job" function that facilitates communication across projects. However, it is not highly customizable and relies on integrations for certain functionalities. Its pricing includes a $1500 onboarding fee and monthly costs between $50 and $85 per user.
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Job Nimbus: This software is more industry-agnostic and primarily used by roofers. It is lightweight and easy to use, with built-in invoicing and payment acceptance features. However, it lacks restoration-specific functionalities and relies heavily on integrations. The pricing includes a $750 onboarding fee and monthly costs between $50 and $100 per user.
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iRestore: This platform centralizes operations with job order synchronization and fleet management, focusing on operational efficiency.
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Encircle: Specializes in field documentation and insurance claims handling, providing tools that enhance the restoration process.
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RestorationERP: Unlike Albiware, RestorationERP acts as a sales tool for restoration companies, providing a platform that commercial property managers can utilize, establishing relationships before restoration services are needed.
Albiware differentiates itself by focusing specifically on restoration management, offering a comprehensive suite of features tailored for restoration contractors, while competitors may not provide the same level of specialization or user-friendliness.
Investors
- Takeoff Capital
- Connor Theilmann
- Y Combinator
- Soma Capital
- Palm Drive Capital
Market Focus
Albiware primarily focuses on the restoration management software industry, providing solutions designed to streamline operations for restoration businesses.
Business Model
Subscription-based model with tiered plans based on user needs and features.
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